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we will not give genuine spending cuts because with this president to mike cuttingdown the republicans piece by piece a little bit at a time. this is their last stand outside atlanta. think of atlanta as american capitalism. if they give intonight, if they give in on monday and pass these tax increases, the president will get what he wants. there will be deficit reduction, and the next president will inherit the kind of situation that today characterizes come by once a greece, too extreme, but i would say italy. holy irresponsible fr any republican member of the house of representatives to vote for the package that mitch mcconnell is negotiating on their behalf without their leaders present. it is a ridiculous package. it does not work, and it will solve our long-term debt problems. gerri: i never have to guess at what you think. you are always clear isabela and entertaining. thank you for coming out tonight. have a great new year. >> happy new year. gerri: no votes in the house tonight. meanwhile, we go off the cliff tomoow. it does not applicable be a happy new year. our political pa
we will not give genuine spending cuts because with this president to mike cuttingdown the republicans piece by piece a little bit at a time. this is their last stand outside atlanta. think of atlanta as american capitalism. if they give intonight, if they give in on monday and pass these tax increases, the president will get what he wants. there will be deficit reduction, and the next president will inherit the kind of situation that today characterizes come by once a greece, too extreme, but...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines two kinds of reports. more news today violence is once again fled the film these are the images the world has been seeing from the streets of canada. showing corporations are today. good afternoon welcome to capital account i'm laurin the store here in washington d.c. these are your headlines for friday december twenty first two thousand and twelve today is a good time to reflect on this part. of the twenty first this year. that will be today and the world didn't end i think it's fair to say so we will reflect on what may lie ahead in the coming new year or reflect on this year in economic trends dave column is a cornell chemistry professor but he's known in finance for his annual year in review which is out today and he is here in studio to talk about it plus you wes stocks drop as house republicans cancel a vote on the fiscal cliff political disarray stock markets those were how the headlines read today when i came into work what is this just white
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines two kinds of reports. more news today violence is once again fled the film these are the images the world has been seeing from the streets of canada. showing corporations are today. good afternoon welcome to capital account i'm laurin the store here in washington d.c. these are your headlines for friday december twenty first two thousand and twelve today is a...
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joining us now with the latest on the negotiations is chief congressional correspondent mike emanuel. >> the talks have shifted from the top two senators negotiating to senate republican leader mitch mcconnell trying to strike a deal with joe abide den. the senate majority leader left the capital shortly after making this comment about republicans trying to change the way inflation is measured on entitlement. >> i was really gratified to hear republicans taking their demand for social security benefit cuts off the table. truth is they should have never been on the table to begin with. they are still significant distance between twot sides and negotiations continue. still time left to reach an agreement and we can continue the negotiations. >> the senate is due to return tomorrow morning at 11:00 a.m. republican negotiator mitch mcconnell said he was concerned about a lack of urgency on the side of democrats. >> willing to work with whoever, whoever can help. there is no single issue that remains an impossible sticking point. the sticking point appears to be a willingness, an interest
joining us now with the latest on the negotiations is chief congressional correspondent mike emanuel. >> the talks have shifted from the top two senators negotiating to senate republican leader mitch mcconnell trying to strike a deal with joe abide den. the senate majority leader left the capital shortly after making this comment about republicans trying to change the way inflation is measured on entitlement. >> i was really gratified to hear republicans taking their demand for...
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>> greta: mike, thank you. and check your watches because we are only about 73 hours and 55 minutes away from the big event. that is how much time we have before the president, the senate, and the house push america off the fiscal cliff. >> we are now on the verge of of the biggest tax increase for this nation since world war ii. >> the hour for immediate action is here. it is now. >> the president of the united states has to seize the moment. >> this is no different than a marriage. a lot o of marriages fail because they fight over money. >> the missing ingredient is presidential leadership. >> this is a manufactured crisis. it is manufactured by the republicans. >> the economy of the nation and the world may be at stake here. >> i still want to get this done. >> right now we are at a stalemate because we haven't been willing to or democrats haven't been willing to consider the issue of spending is all they want to deal with tax increases and that hurts the economy. >> this makes it look like we are are doing
>> greta: mike, thank you. and check your watches because we are only about 73 hours and 55 minutes away from the big event. that is how much time we have before the president, the senate, and the house push america off the fiscal cliff. >> we are now on the verge of of the biggest tax increase for this nation since world war ii. >> the hour for immediate action is here. it is now. >> the president of the united states has to seize the moment. >> this is no...
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number one, i think that tom pickering and mike mullen who headed up the review board did a very thorough job in identifying what were some severe problems in diplomatic security. and they provided us with a series of recommendations. many of them were already starting to be implemented. secretary clinton has indicated that she is going to implement all of them. what i've, my message to the state department has been very simple. and that is, we're going to solve this. we're not going to be defensive about it we're not going to pretend that this was not a problem. this was a huge problem. and we're going to implement every single recommendation that's been put forward. some individuals have been held accountable, inside of the state department. and what i've said is, is that we are going to fix this to make sure that this does not happen again. because these are folks that i send into the field. we understand that there are dangers involved, but you know, when you read the report and it confirms what we had already seen based on some of our internal reviews, there was just some sloppiness,
number one, i think that tom pickering and mike mullen who headed up the review board did a very thorough job in identifying what were some severe problems in diplomatic security. and they provided us with a series of recommendations. many of them were already starting to be implemented. secretary clinton has indicated that she is going to implement all of them. what i've, my message to the state department has been very simple. and that is, we're going to solve this. we're not going to be...
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number one, i think that tom pickering and mike mullen who headed up the review board did a very thorough job in identifying what were some severe problems in diplomatic security. and they provided us with a series of recommendations. many of them were already starting to be implemented. secretary clinton has indicated that she is going to implement all of them. what i've, my message to the state department has been very simple. and that is, we're going to solve this. we're not going to be defensive about it we're not going to pretend that this was not a problem. this was a huge problem. and we're going to implement every single recommendation that's been put forward. some individuals have been held accountable, inside of the state department. and what i've said is, is that we are going to fix this to make sure that this does not happen again. because these are folks that i send into the field. we understand that there are dangers involved, but you know, when you read the report and it confirms what we had already seen based on some of our internal reviews, there was just some sloppiness,
number one, i think that tom pickering and mike mullen who headed up the review board did a very thorough job in identifying what were some severe problems in diplomatic security. and they provided us with a series of recommendations. many of them were already starting to be implemented. secretary clinton has indicated that she is going to implement all of them. what i've, my message to the state department has been very simple. and that is, we're going to solve this. we're not going to be...
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number one, i think that tom pickering and mike mullen, who headed up the review board, did a very thorough job in identifying what were some severe problems in diplomatic security. and they provided us with a series of recommendations. many of them were already starting to be implemented. secretary clinton has indicated that she is going to implement all of them. what i've -- my message to the state department's been very simple. and that is, we're going to solve this. we're not going to be defensive about it. we're not going to pretend that this was not a problem. this was a huge problem. and we're going to implement every single recommendation that's been put forward. some individuals have been held accountable inside of the state department. and what i've said is that we are going to fix this to make sure that this does not happen again because these are folks that i send into the field. we understand that there are dangers involved. but, you know, when you read the report, and it confirms what we had already seen based on some of our internal reviews, there was just some sloppiness, no
number one, i think that tom pickering and mike mullen, who headed up the review board, did a very thorough job in identifying what were some severe problems in diplomatic security. and they provided us with a series of recommendations. many of them were already starting to be implemented. secretary clinton has indicated that she is going to implement all of them. what i've -- my message to the state department's been very simple. and that is, we're going to solve this. we're not going to be...
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. >> mike: from paint to pet food, hats to barbecue. as a nation, we make millions of products every year. but have you ever wondered just how those things are made and what drives those companies? tonight in this "n.b.r." special edition "made in america" we go to towns small and large to meet unique businesses building jobs and profits. that and more tonight on "n.b.r." good evening, i'm mike hegedus with an n.b.r. special edition, made in america. walking down kentucky street in downtown petaluma, california, but it could be anywhere, u.s.a. this is where small businesses live. small businesses that create two out of every three new jobs in the u.s.
. >> mike: from paint to pet food, hats to barbecue. as a nation, we make millions of products every year. but have you ever wondered just how those things are made and what drives those companies? tonight in this "n.b.r." special edition "made in america" we go to towns small and large to meet unique businesses building jobs and profits. that and more tonight on "n.b.r." good evening, i'm mike hegedus with an n.b.r. special edition, made in america. walking...
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gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure taxes do not go up on middle class americans. presumably that would be a package that continues the bush tax cuts for those making up to $250,000. he would also like to continue emergency unemployment benefits for two million americans. and beyond that, details are kind of murky at this point. so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no indication that steps have moved forward closer to a deal, gregg. gregg: so, mike, if the senate comes back, what do we expect from them today? and then obviously the house? >> reporter: well, house speaker john boehner is in ohio. his aides told me a few moments ago ago if he has plans to travel. last night the speaker and the president of the united stat
gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure taxes do not go up on middle class americans. presumably that would be a package that continues the bush tax cuts for those making up to $250,000. he would also like to continue emergency unemployment benefits for two million americans....
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rick: mike emanuel, thanks. heather: as the house gets back to business this hour, what are the chances of a vote on the bill, the senate bill, today, and is it going to pass? david drucker is associate politics editor for roll call, and he joins us now. hello and thank you for joining us. >> happy new year. good to be here. heather: this agreement, once again, is between the administration and congress. it was negotiated completely between biden and mcconnell, and the house has not cleared this at all. the house has reconvened right now, today, and may not even actually take this up though or at all. do you think that boehner will bring the bill before the house, first of all, and what do you think they'll do? >> well, i don't know if they know yet what they're going to do. what speaker boehner is probably going to do is feel out his members and see where house republicans are across the conference. you know, there's about 230 some odd of them, and i think what the speaker is going to try and figure out is how
rick: mike emanuel, thanks. heather: as the house gets back to business this hour, what are the chances of a vote on the bill, the senate bill, today, and is it going to pass? david drucker is associate politics editor for roll call, and he joins us now. hello and thank you for joining us. >> happy new year. good to be here. heather: this agreement, once again, is between the administration and congress. it was negotiated completely between biden and mcconnell, and the house has not...
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host: i want to go from mike -- go to mike from the independent line. caller: i would like to say that this fiscal cliff is a charade. it is promoted by the media. it has nothing to do with fixing our economy. the president has had an opportunity to go to the g-7 or the 20 and explain that western civilization is in debt so far that it is never going to get out of it unless we abandon these world trade rules, everybody go home to their own country, and do with the need to do to get back on the even keel with their financing. host: are using the u.s. should pull back from its international commitments and focus more on -- more on home? caller: i would suggest that other western countries do the same thing. the president should have his staff identify the most labour intensive products that we purchased here in the u.s. and stop importing them. he should say, for example, the automotive parts and automobiles -- six months from now, he should say, we're not going to allow any imports. the creek investors -- greedy investors will go to work and start making
host: i want to go from mike -- go to mike from the independent line. caller: i would like to say that this fiscal cliff is a charade. it is promoted by the media. it has nothing to do with fixing our economy. the president has had an opportunity to go to the g-7 or the 20 and explain that western civilization is in debt so far that it is never going to get out of it unless we abandon these world trade rules, everybody go home to their own country, and do with the need to do to get back on the...
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mike tobin is live in houston. nicecy as ever, mike. >> reporter: feisty as ever. the people around the former president george herbert walker bush are being frugal with the information they're giving part in part because this is someone so beloved because people will overreact when they get any information. that being said he is behind me in the intensive care unit at methodist hospital where he has been since sunday dealing with what is described as a stub born fever. the fever resulting from a case of bronchitis that hospitalized former the president in late november. all this being said the staff is acknowledging that the president is pretty sick and as you mention he is 88 years old. they are trying to keep things light. the releases are generally pretty humerous. they're trying to tamp down that the his condition is dire. he has been conversational, even joking with the nursing staff, some of the characteristic humor we've come to know from the former president and that is where we get that quote, that you can put the harps back in the closest. all that being
mike tobin is live in houston. nicecy as ever, mike. >> reporter: feisty as ever. the people around the former president george herbert walker bush are being frugal with the information they're giving part in part because this is someone so beloved because people will overreact when they get any information. that being said he is behind me in the intensive care unit at methodist hospital where he has been since sunday dealing with what is described as a stub born fever. the fever...
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we have standing mikes if you will queue at the mikes we will take your turn and we will end promptly at 8:30 which gives us about 20 minutes. >> i appear to have answered every question. >> thanks for coming. what would you see -- one of the arguments for less government involvement with things is that if people hold on to their money more, they would be in a position to take care of the poor, the oh pressed etc. can you imagine where else that might come from? do you think it's possible for those people to be taken care of outside of a religious context and outside of a political context and are there any examples of that in other government? >> i am not denying the role which americans of all political persuasions now agree on that the state has in applying a social safety net. i am saying there are potential cost to this and not only financial cost. there is a cost of a crowding out of private initiative, a crowding out of charity. an off loading of all social responsibilities on to the state. it is indicative surely of something important that the chartable impulse in the united
we have standing mikes if you will queue at the mikes we will take your turn and we will end promptly at 8:30 which gives us about 20 minutes. >> i appear to have answered every question. >> thanks for coming. what would you see -- one of the arguments for less government involvement with things is that if people hold on to their money more, they would be in a position to take care of the poor, the oh pressed etc. can you imagine where else that might come from? do you think it's...
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number one, i think tom pickrick and mike mullen who headed up the review board did a very thorough job in identifying what were some severe problems in diplomatic security. and they provided us with a series of recommendations. many of them were already starting to be implemented. secretary clinton has indicated that she is going to implement all of them. what i -- my message to the state department has been very simple. and that is we're going to solve this. we're not going to be defensive about it. we're no pretend that this was not a problem. this was a huge problem and we're going to implement every single recommendation that's been put forward. some individuals have been held accountable inside of the state department and what i've said is that we are going to fix this to make sure this does not happen again because these are folks that i send into the field. we understand that there are dangers involved. but when you read the report and it confirms what we had already seen based on some of our internal reviews, there was just some sloppiness, not intentional, in terms of how we s
number one, i think tom pickrick and mike mullen who headed up the review board did a very thorough job in identifying what were some severe problems in diplomatic security. and they provided us with a series of recommendations. many of them were already starting to be implemented. secretary clinton has indicated that she is going to implement all of them. what i -- my message to the state department has been very simple. and that is we're going to solve this. we're not going to be defensive...
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do not forget the -- the mike pence had another calendar. my prediction is that essentially the world will become more nonlinear. there we go. [applause] >> we are going to talk about social movements. is my microphone on? we're here to talk about social movements. the last few years has seen a flowering of social movements. 10 years ago, may be pre-9 /11, they wanted to enjoy their affluence and there was no force behind social change. the last two years, we've seen two big ones, the tea party movement coming out of the early years of the obama administration, perhaps a response to the crisis we have had with occupy wall street appeared at the same time, the tea party movement is seen as may be a fading force or a weaker force on the right. occupy wall street came and went quietly. i wonder if you thought about this and what it can teach us about social movements going forward. >> ok. first and foremost, i admit i am a liberal with a capital l. i firmly believe in women's rights, pro-choice, and that republicans are really annoying right no
do not forget the -- the mike pence had another calendar. my prediction is that essentially the world will become more nonlinear. there we go. [applause] >> we are going to talk about social movements. is my microphone on? we're here to talk about social movements. the last few years has seen a flowering of social movements. 10 years ago, may be pre-9 /11, they wanted to enjoy their affluence and there was no force behind social change. the last two years, we've seen two big ones, the tea...
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although you didn't ask mike tyson. >> there's a reason for that. >> oh, there is. i'm trying to think. at least five or six. >> really? that's fascinating. does the wider world know? >> you didn't ask how long it lasted, this love feeling or whatever. >> how long does it need to last to qualify for proper love, do you think? >> not that long. eight months, would you say. or maybe years, years, years. >> some people have it literally in a flash. i do believe there can be love at first sight. i know people where that's happened, and they've been very happy the rest of their lives together. they get lucky. >> yeah. isn't it interesting? it's a recognition of something. i knew i liked you from the minute, but i didn't know that your father died that early. and there is -- you see, we never talked about it. you might have known that about me, but there's something that you recognize in someone's past, and it's a void that you recognize. >> i think you become -- i'm sure you have the same, but you'rely curious because you never knew this person. did you feel your mother
although you didn't ask mike tyson. >> there's a reason for that. >> oh, there is. i'm trying to think. at least five or six. >> really? that's fascinating. does the wider world know? >> you didn't ask how long it lasted, this love feeling or whatever. >> how long does it need to last to qualify for proper love, do you think? >> not that long. eight months, would you say. or maybe years, years, years. >> some people have it literally in a flash. i do...
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. >> richard man will give the mike to the individuals and identify youself and what your question is. >> i'm a reporter with lrp publications. in the chart that talked about the $1 trillion in cuts that have been made. i think it was 16 billion came from pay freeze and some changes in retirement for federal employees. >> right. >> what i was wondering is do you think that additional changes are on the table in that area, for example continuation of the freeze for another period of time and do you think they should? >> first of all, i don't know because i'm not privy to what is in the proposal of 200 billion of additional savings out of other accounts. one must assume that there must be additional save frgs federal employees. i proposed a smaller package of other mandatory savings in light of what has already been done. in my farewell speech i talked about another 150 billion mandatory. are there more savings from federal employees? yes i think there is because the retirement is very generous. i do worry that it could go too far. certainly the republican proposal for 300 billion of sa
. >> richard man will give the mike to the individuals and identify youself and what your question is. >> i'm a reporter with lrp publications. in the chart that talked about the $1 trillion in cuts that have been made. i think it was 16 billion came from pay freeze and some changes in retirement for federal employees. >> right. >> what i was wondering is do you think that additional changes are on the table in that area, for example continuation of the freeze for...
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greg: mike emanuel live on capitol hill. thank you very much. just ahead, we will ask kyle harrington about what could happen if we do end up going over the fiscal cliff. weill discuss the extraordinary measures being taken by treasury secretary tim geithner to make sure the u.s. does not reach its parliament. and end up defaulting on its debt. at roughly the same time. heather: that's a one-two punch. new developments in the growing crisis in syria. u.n. envoy calling for a transitional government run the country in order to end the conflict. russia's foreign minister mixon grimmer marks of such a plan actually working, saying that it still necessary to reach a peaceful solution. leland vittert has more on this. reporter: the russian foreign minister said that he feared that syria could turn into a bloody chaos that there was not some kind of negotiated settlement. many looking at the video that we see every day now coming out of syria. syria is already in a bloody chaos. more than 40,000 people killed. so far in this uprising. the death toll c
greg: mike emanuel live on capitol hill. thank you very much. just ahead, we will ask kyle harrington about what could happen if we do end up going over the fiscal cliff. weill discuss the extraordinary measures being taken by treasury secretary tim geithner to make sure the u.s. does not reach its parliament. and end up defaulting on its debt. at roughly the same time. heather: that's a one-two punch. new developments in the growing crisis in syria. u.n. envoy calling for a transitional...
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the death toll from that attack is expected to climb. >>> and senator mike crapo of idaho is offering up apologies to his family and his constinuents after being arrested and charged with driving under the influence in alexandria, virginia. police say the idaho republican was pulled over early saturday morning after being spotted running a red light. he had a blood alcohol level of .11. the legal blood alcohol level in virginia is .08. he was released on $1,000 bond. >>> and president obama hasn't even nominated former nebraska republican senator chuck hagel as his choice as secretary of defense, but hagel is taking heat from lawmakers, his former colleagues, on his past position on iran in a 2007 interview where he said that jewish lobby intimidated lawmakers. >> i would have some really serious questions to ask him, not just about israel, but to me the most significant foreign policy challenge for president obama and our country and the world in the next year or two is iran and its nuclear weapons program. chuck hagel has had some very outlying votes on that. >> i don't think he's g
the death toll from that attack is expected to climb. >>> and senator mike crapo of idaho is offering up apologies to his family and his constinuents after being arrested and charged with driving under the influence in alexandria, virginia. police say the idaho republican was pulled over early saturday morning after being spotted running a red light. he had a blood alcohol level of .11. the legal blood alcohol level in virginia is .08. he was released on $1,000 bond. >>> and...